Gold weekly update 08.08-12.08
This week we will see some down moves and still it could be only a retracement. My bias is neutral
Confirmations for bearish bias:
1- Price react very strong of the long term channel
2- Last week price close and probably will open under the pivot range
3- Gold broke short term low
4- Gold already make 3 waves up
Confirmations for bullish bias
1- Price couldn't break the market structure
2- After 3 waves up, comes 2 waves correction
3- Price is still contain in short term up channel
4- Gold left a lot of liquidity at the buy side - double top, trend line, it my not close entirely the current gap.
5- 1800/1805 level was not reached - very strong resistance
If price close under 1750, probably will test 1680.
If price could not break strongly 1750, probably we will see prices above 1800
Confirmations for bearish bias:
1- Price react very strong of the long term channel
2- Last week price close and probably will open under the pivot range
3- Gold broke short term low
4- Gold already make 3 waves up
Confirmations for bullish bias
1- Price couldn't break the market structure
2- After 3 waves up, comes 2 waves correction
3- Price is still contain in short term up channel
4- Gold left a lot of liquidity at the buy side - double top, trend line, it my not close entirely the current gap.
5- 1800/1805 level was not reached - very strong resistance
If price close under 1750, probably will test 1680.
If price could not break strongly 1750, probably we will see prices above 1800
כתב ויתור
המידע והפרסומים אינם אמורים להיות, ואינם מהווים, עצות פיננסיות, השקעות, מסחר או סוגים אחרים של עצות או המלצות שסופקו או מאושרים על ידי TradingView. קרא עוד בתנאים וההגבלות.